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Barclays, Atlas Face Exposure After UK Lender MFS Collapses in Fraud Case

Barclays Plc and Atlas SP Partners are among Wall Street firms that helped arrange more than £2 billion ($2.7 billion) of loans to a UK mortgage-finance company that has unraveled amid allegations of financial irregularities.

BusinessBy Wire ServicesFebruary 26, 20261 min read

Last updated: April 4, 2026, 1:28 AM

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Barclays, Atlas Face Exposure After UK Lender MFS Collapses in Fraud Case

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XLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Constantine Courcoulas and Donal GriffinFebruary 26, 2026 at 3:52 PM UTCUpdated on February 26, 2026 at 7:10 PM UTCBookmarkSaveBarclays Plc and Atlas SP Partners are among Wall Street firms that helped arrange more than £2 billion ($2.7 billion) of loans to a UK mortgage-finance company that has unraveled amid allegations of financial irregularities.

Market Financial Solutions Ltd., or MFS, collapsed into a UK form of insolvency Wednesday, with the judge overseeing the case citing accusations of fraud and double-pledging of assets. Barclays and Atlas, the structured-credit arm of Apollo Global Management Inc., each lent hundreds of millions of dollars.

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